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HSB Resort WGA Rockfest Sponsored by Horseshoe Bay American Bank of Texas

The Horseshoe Bay Resort Women's Golf Association held Rockfest #4, after a week delay due to rain at the Apple Rock golf course. We had 41 Slick Chicks and 35 Rockettes competing for their teams. The competition was tight and the Rockettes were victorious with an average net of 76.13 and the Chicks were close behind with a 76.82. A special thank you goes out to one of our sponsors, Horseshoe Bay American Bank of Texas for providing lunch and other goodies.

Llano County Library News

The Friends of the Llano Library will hold a BIG Summer Book Sale this week! Filled with great buys at great prices, this will be a way to build your home library while supporting your public Library – a real win/win! The sale will be June 2-4 -- Thursday 12:00-5:30; Friday 9:00-5:30; and Saturday 10:00-4:00. The book sale will be in the Llano Library meeting room, and if the weather is nice you may see carts of books on the Ford Street sidewalk, too! All books will be priced to sell, so come shopping!
It's Summer Reading Program time @ your Library! The Llano and Kingsland Library both have a fun-filled program planned to fill those days and keep your children reading all summer! At the Llano Library, the theme is "Get in the Game READ!" There will be a special Kick-Off with Juggler Matt Tardy on Tuesday, June 7 for two performances – 10:00 a.m. and 1:00 p.m. where you can register your kiddos. Then, every Thursday in June at the Llano Library there will be exciting activities for children age 3 through 5th grade. The program is in two sessions – morning 10:00-11:30 and afternoon 1:00-2:30 – with all ages in both sessions. There will be FREE Movietime every Thursday after SRP at 3:00 p.m. – with a free snack and drink! Also, LEGO Camp will be every Tuesday, June 14 – July 19 from 3:30 – 5:00 p.m. For more information or to register your child(ren), stop by or call the Llano Library at 325.247.5248
Just a reminder – the Llano Library has extended hours on Mondays! The Library is now open until 7:00 p.m. every Monday evening. Regular hours are 9:00 a.m. – 5:30 p.m. Tuesday – Friday, and we're open on Saturday from 10:00 a.m. – 1:00 p.m. And our WiFi is on 24/7 and you can access it from our front patio and even from the parking lot. Our eBook and downloadable audiobook databases are OPEN 24/7, and so is the TexShare Database that is loaded with so much great information.
For more information about these programs, contact the library or go to the Library's website at www.llano-library-system.net or find the library on Facebook!

The Emperor has Clothes but no Sleeves

In this fluctuating business of investing, one of the most used ratios is known as the price to earnings (P/E) ratio. P/E ratios allow you to evaluate one stock to another by comparing the price of the stock versus the earnings it generates. The lower the ratio, the less expensive the stock is relative to its current earnings.
Many investors focus heavily on this ratio, but like always, first glances can be deceiving. Many companies over the past few years have focused heavily on efficiency. This means tightening up their margins and trimming the perceived fat of undesirable expenses. Many advisors, myself included, can make the argument that this is for the betterment of most companies. Yet, this is not necessarily true for all. It is important to look at more metrics and how the company earnings are built.
Today, two main questions are being asked: 1) How far can trimming go until it hinders a company's ability to expand in the future? 2) Is the top line (revenue) actually growing? It is incredibly important for companies to focus on being more profitable, but it is also important to focus on how to bring in more revenues year after year. Bringing in relatively the same revenues three years in a row and becoming more profitable each year is notable, but how long can one sustain that growth in profitability without actually bringing in more income. In other words, the emperor does have clothes (profits) but there are only so many tricks up one's sleeve to expand the profit line. Remember, the "E" in P/E is profit. You can only improve that for so long without expanding.
There are some companies that pursue this in a completely opposite way, and they should not be ignored because their P/E ratio is off the charts. Heavily growth-focused companies may take the majority of profits and reinvest them in an effort to quickly expand, generating no profits at all. Operating a company with profits is generally a good thing taught in business school, but understanding the market in which one exists and the long term opportunities that can be made is important as well. Though it is hard to divide the price by zero earnings and come up with a good P/E ratio, it is worth noting that almost all companies go through this stage.
Understanding the company's goals and your own investment goals can be profitable just like companies that expand into new markets hope to become profitable themselves.
P/E ratios are great when looking at the stock market as a whole, but realize that it does not tell the whole story. Having an appropriate tailored mix of different types of companies can be a great foundation for a long term stock portfolio.
Edward Jones does not provide tax or legal advice. Please consult a professional for these services. Consult your financial advisor and tax professional when reviewing your investment portfolio to discuss your specific situation. Edward Jones -Member SIPC
Article Written By: Jordan Gristy Financial Advisor Edward Jones
Follow me on Facebook, and as always, feedback and suggestions are always appreciated at iordan.qristv @edwardiones.com or by calling 830-598-2419

Flo B’s 102nd Birthday!

Last Friday my heart skipped a beat. I missed Flo Bucheneau’s 102nd Birthday Party. Somehow I failed to get the party date in my calendar. I had her birthday correct. It was Friday. But the party was Thursday. So when a day late I bent down on one knee to get eye-level with Flo - she hit me with one of her classic never to be forgotten quips: “Where were you? We ran out of wine.”

As if I could turn water into wine!

Just in case you don’t know - Flo is the oldest living member of The Church at Horseshoe Bay. On my very first Sunday when preaching my trial sermon I made a passing comment about why had I prepared so hard when no one was listening, but watching sailboats on the lake. At the end of the service Flo hooked her finger signaling me to bend down to her level.

“Young man,” she said. “I’ll have you know... we were not watching sailboats! We were counting buzzards! And when you have a five buzzard sermon I will be the first to tell you.” From that day forward we have used the buzzard rating system for sermons.

To say that Flo is one of a kind is an understatement. On her 95th birthday she wanted only one thing - to take a ride on a Harley-Davidson motorcycle. So her neighbors and friends arranged just that. It made for a classic picture.

Flo is no longer able to attend church. In her mid-90s she stopped driving and moved to the Gateway Assisted Living in Marble Falls. She determined that it was far too conspicuous to arrive at church using a walker and refused to be a spectacle. I understood fully that the time had come for her to worship in a more convenient setting at Gateway, but her stated reason somewhat escaped me. Being conspicuous had never seemed to bother Flo.

I learned early in my pastoral tenure to never make eye-contact with Flo during a sermon. She would impishly smile and wink while forming “hook’em Horns” with one or both hands. Composure is important to most preachers in the middle of a sermon.

Flo hosted a weekly women’s Bible Study and Prayer Meeting at her home in Deer Haven for decades. I think there is now only one other surviving member of that faithful group besides Flo.

On one memorable visit when she was feeling a little bit blue about the passing of so many friends, Flo looked at me with rare seriousness and said: “You know... I’ve been thinking. There has never been a time in my life that somebody didn’t love me.” Someone else in the same circumstance might have dwelt on the negative. Not Flo B.

It’s His ‘Body of Work’

Oh, what’s a wait of 47 years among friends? Ed Thompson of Horseshoe Bay filled the span profitably enough with the “routine” job of professional tennis player. But this story concerns his more-recent days with the T-shirt off—not on.

Ed was “Mr. Texas” in the 1960s in the world of Bodybuilding, but he left that activity in 1969. The curtain came down on auditorium stages—and the boards—so he could spend his days on such surfaces as clay and grass.

“I always had it in the back of my mind,” he told me, “what would I have done {in bodybuilding}—gone to the top?”

He enjoyed his life in tennis, and was a highly-ranked doubles player, but memories of two knee replacements are in his trophy case. Ed coached and taught the sport, and semi-retirement arrived—and with it, full-time bodybuilding. A pursuit decades in the past had returned to his life.

He began training “about a year ago,” at the Marble Falls Athletic Club. “Three or four hours a day: cardio, resistance, weights.” Muscles, calves, and the abdominals received attention. Check out the photo for the 70-year-old man.

At the club, he informed me that dieting is responsible for “50% of the results.” He admits it’s “protein-oriented,” and it includes: “Lean beef, chicken, fish, and green vegetables.” Lunch might be a salad consisting of, “spinach, tomatoes, avocado, and tuna fish.”

So, our guy is ready: groomed, well-constructed, looks like he could be in all those ads I once saw as a kid, the ones starring Charles Atlas. Ed Thompson was heading for Pflugerville for the May 28, Texas Shredder competition. Shredding means getting ripped, defined, or to me: muscular.

Feeling “confident” he went through various body poses with the other 70-and-over contenders; then did an individual routine (60 seconds) to the music of Santana. “Show the best you’ve got,” was the goal.

He did, but it was not only his best but the Shredder’s best, and Ed was named champion in his first contest in close to half a century. Might seem like ancient times, but Ed remembered how his mother used to critique his body: “Cut a little more out of your diet,” she would say. “Untrained eye,” Ed declared of mom, “but she would give me the truth.”

The son—with maybe a 30-inch waist—now goes to New York in July, and “Mr. Universe” is in his sights.

National and World Championships might follow: “It’s something coming back to the sport. {I’ll} push it as far as I can.” He’s doing something he “always wanted to do.” Mom would be real proud.

Rains Force Road Closings: Wirtz Dam Flood Gates Opened

Residents of Llano County should watch out for higher water levels this week.

Water levels in the Llano River and the Highland Lakes will continue to be higher than normal as additional rain is expected to continue this week. On Tuesday night, the Lower Colorado River Authority partially closed Lake LBJ from Horseshoe Bay to Wirtz Dam and disallowed the use of watercraft.

The LCRA also warned that waterflow near the dams will be “exceptionally strong because of flooding rains and ongoing floodgate operations, creating hazardous conditions for boaters.” The partial closures will continue to be in effect until further notice. The LCRA also warned anyone near the water to “take extreme caution.”

With the ground saturated, the LCRA also advised that lake levels could rise quickly. It also said dams may be required to have additional releases “with very little warning” to allow the water to move downstream safely.

Ron Anderson, assistant emergency management coordinator for Llano County, said the public should be aware of the “usual suspects,” or areas that are prone to flooding, such as low lying areas both in and out of town and areas near the water.

“Just because it’s not flooded now, doesn’t mean it couldn’t quickly become flooded,” he said.

The county emergency management office reported that the Llano River will continue to be elevated for the next three days as water heads down the river from Junction and Mason, added to runoff from within the county.

“Over the last 36 hours we have seen conditions change drastically with the river at Llano going from 300 cfs (cubic feet per second) to 4,000 cfs in just 30 minutes,” the agency reported. “Turn around, don’t drown.”

Tuesday brought several road closures in Llano County. As of 1:45 p.m., Johnson Creek at Rio Llano was closed, in addition to 2323 (Prairie Mountain Road), County Road 152 at the Llano city limits and CR 307 (Kingsland slab). Additional roads could be closed. If they are, the closures will be posted on the Llano County Department of Land Development and Emergency Management’s Facebook page, Anderson said.